.

Color Key: Positive – Neutral – Negative

Laurie’s Abbreviation Index:

‘div’ – dividend 

‘m/m’ – month over month

‘y/y’ – year over year

‘Inven’ – inventories

‘mfg’ – manufacturing 

+/- – plus or minus, positive or negative

Underlined text – higher volume premarket

·          Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Positive  equity global set-up

·          Commodities:  Gold, Silver, Oil and natgas, Softs, Industrial Metals 

·          Yields: Yields are lower

·          Currencies:  US $-.7%

·          News:  USA: CPI 830ET China: RRP Cut from 2% to 1.9% and hints of further easing

·          Stocks ORCL +5%   EPS lifting DB companies INTC +2% Investor in ARM IPO ; MANU +16% EPS;  AAPL -.5% downgrade; AMD announcing a wiz bang AI part soon; China RRP cut and meme for further stimulus lifting China Internet stocks and commodities

·          General: Leading: KWEB, USO, /btc, DBC, SOXX, EEM, ARKK, GDX, EFA Lagging: UP, XLU, XLV, XLP, XLF

·          Overview: Positive global equity ahead of CPI with the market positioned for a consensus print USA SPY 434 displays support levels of 430, 426. 425, and 420 with resistance at 435. I believe the SPY is expected to move +/- 2.7. QQQ 361 displays resistance at 362, 365 and support at 355. I think that QQQ is expected to move +/- 3.5.  CPI print came in at 4% and in my opinion, is supportive for continuation higher for now. Spec-tech AI are set-up for further squeezing but commodities and China names are getting a bid. Bubble names can continue to rise but risk will increase as bubbles reach the surface of the water.

·          Stocks to watch:  ORCL, AMD, PLTR, MANU, FRO, FCX, OXY, ZION Spec Names: COIN 

Pre-800ET
Earnings ORCL, MANU

Indices KWEB, USO, /btc, DBC, SOXX, EEM, ARKK, GDX, EFA, euro, XLY, IGV, UUP, XLU, XLV, XLP, XLF

S&P500 ORCL, CCL, ADBE, AMD, INTC, FCX, AMD, DVN, MU, NCLH, ZION, BG 

IWM FRO, RIOT, STNE, IONQ, NNOX

WSB ORCL, RIOT, PLTR, AMD, BABA, COIN, PLUG, UPST

Movers MANU, ORCL, FRO, BIDU, BILI, RIOT, LI, PLTR, RIO, BHP, JD, FCX, ADBE, AMD, INTC, PBR, BG, ZION, FHN 

Trade Idea: INTC

In my analysis, INTC has broken out daily with a catalyst that may be the anchor investor for Softbank ARM IPO. I believe there could be an expected move +/-1.6 with a high call with open interest at 35 which may be a target. Above 35 would be a potential squeeze higher. INTC is very cheap in relation to AMD but has been stumbling for the last few years in technology development.